Floatation the 'natural next step', says AJ Bell

Exclusive customer element

Julian Marr
clock • 2 min read

Investment platform AJ Bell has confirmed it is exploring the idea of an initial public offering (IPO), with a view to listing on the main market of the London Stock Exchange towards the end of this year or early 2019.

In a statement, the group, which operates in both the advised and direct-to-consumer markets, said the IPO would include a retail share offer that would be available exclusively to AJ Bell customers resident in the UK. "A listing will give investors, including AJ Bell customers, the opportunity to participate in AJ Bell's future success," it added. "The group does not intend to raise new capital as part of the IPO given its financial strength, highly profitable business model and debt-free balance sheet." AJ Bell also confirmed its two largest shareholders - co-founder and chief execu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Becketts acquires Ipswich-based Swallow Financial Planning

Becketts acquires Ipswich-based Swallow Financial Planning

Owner Andrew Swallow to retire

Isabel Baxter
clock 15 September 2025 • 1 min read
Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Tavistock snaps up hybrid advice firm for £6m in bid to refocus strategy

Acquires Lifetime Financial Management Intermediaries

Isabel Baxter
clock 11 September 2025 • 3 min read
Finli prepares 'sizable' acquisition as leadership transition gets underway

Finli prepares 'sizable' acquisition as leadership transition gets underway

Acquisition will bring in more younger advisers, Finli outgoing CDO says

Sahar Nazir
clock 11 September 2025 • 3 min read